21Shares Calls on EU for Regulatory Clarity To ‘Unlock Crypto Opportunities’ in ETPs
Crypto exchange-traded product (ETP) giant 21Shares is announcing that it’s pushing European authorities for a more complete regulatory framework.
According to a new announcement from 21Shares, the firm is asking the European Securities and Markets Authority (ESMA) to set aside a regulatory framework for crypto assets in Undertakings for Collective Investment in Transferable Securities (UCITS) funds.
21Shares says Europe currently suffers from legal inconsistency between member states, resulting in the allowance of certain UCITS to hold crypto while others have been barred.
The company also argues that a lack of consistency results in investor protection gaps. 21Shares recommends that EMSA establishes clear guidelines to…
